The reason I'm asking is that my longtime friend just informed me that her 35-year-old son has opened a business.
Also sent some photos of what he does, and I'm not impressed-a Kamado grill that I can buy anywhere.
I say this, having owned a large upscale store for more than 15 years, and before that about 10 years ago.
Before I give her my opinion about his new venture, I would like to consult with you guys.

I think that failure is the best teacher in life.

I had the idea of starting my own company when I was tired of moving from place to place. And as the years go by, it becomes more and more challenging to work. I decided to do woodworking because many people saw and cut wood, but not many companies or small firms process wood. By the way, I know that the situation is similar in the oil industry.
However, the most challenging thing was the paperwork. Then I paid taxes as a sole proprietor. Registration of various documents lasted several months. It is very tiring. So I advise you to go tofactorforyou.com.